Gummy Market Size Worth USD 29.44 Billion by the year 2028

Global Gummy Market was valued at USD 15.90 billion in 2021 and is expected to reach USD 29.44 billion by the year 2028, at a CAGR of 9.2%, Analysis Period 2023-2030.

The term "gummy" comes from Germany, but "jelly sweets" is more commonly used in British English. Gummies, also known as gummy candies, gummy candies, or jelly sweets, are gelatin-based chewable treats. Gummy bears, Sour Patch Kids, and Jelly Babies are all well-known in the candy industry. Gummies come in a variety of shapes, but the most prevalent are colorful images of living things like bears, newborns, and worms. Gummy snacks are made by a variety of companies, including Bassett's, Haribo, Betty Crocker, Disney, and Kellogg's, and are commonly marketed to children. Gummies are a popular choice among people of all ages.

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The research opens with a succinct summary and overview of the Gummy market, including information on the leading market players, competitive landscape, trends, and product type, application, and region. The effects of COVID-19 (Omicron) on market trends, projections for the future, growth possibilities, end-user industries, and market participants are also covered. Insights about the market for Gummy's past, present, and future are also provided. With regard to the Gummy market's product price, demand, gross margin, and supply, this analysis offers a thorough grasp of market value. The report's section on the competition landscape gives readers a thorough understanding of the market share analysis of the top competitors in the sector.

Key Prominent Players In The?Gummy?Market:

Nestle S.A., NutraStar Manufacturing Ltd., Supplement Factory Ltd., Procaps Group, Santa Cruz Nutritionals, Better Nutritionals, Amapharm, Herbaland Canada, Vitux AS, Boscogen Inc., Lexicare Pharma Pvt. Ltd., Bettera Brands LLC, Vitakem Nutraceutical Inc., Nature's Truth, Prime Health Ltd., AJES Pharmaceuticals LLC, Lactonova, Well Aliments, SMPNutra, Superior Supplement Manufacturing, Allseps Pty. Ltd., Bayer AG and other major players.

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Market segmentation

By Application

• Vitamins
• Omega Fatty Acids
• Minerals
• Proteins
• Others

By End Users

• Adults
• Kids

By Distribution Channel

• Online
• Offline

Regional Analysis for COVID-19 Outbreak-Global?Gummy?Market:

• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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Key Industry Developments in the Gummy Market:

In 2021, In Canada, Bayer AG introduced its new RestoraFIBRE? Daily Gummies. Fiber is easily accessible in these gummies. Inulin, soluble fiber and prebiotic that aids in the growth of healthy bacteria in the gut, is found in RestoraFIBREDaily Gummies.

In 2021, Nature's Truth has announced the addition of three new vitamin gummy products aimed at children's requirements to its vitamin gummy portfolio. Children's multivitamin gummies, Vitamin C gummies, and elderberry gummies are among the products available. The new gummies are vegetarian, non-GMO, gluten-free, dairy-free, and flavorless.

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